Fiscal delegation in a monetary union with decentralized public spending
In a monetary union, the interaction between several governments and a single central bank
is plagued by several sources of deficit bias, including common pool problems. Each …
is plagued by several sources of deficit bias, including common pool problems. Each …
Smoothing shocks and balancing budgets in a currency union
JS Costain, B de Blas - 2012 - papers.ssrn.com
We study simple fiscal rules for stabilizing the government debt level in response to
asymmetric demand shocks in a country that belongs to a currency union. We compare debt …
asymmetric demand shocks in a country that belongs to a currency union. We compare debt …
Analysis of a planner institution to avoid time inconsistency of civil budgeting (Case Study: Isfahan Municipality)
I Bastanifar - Journal of Economic Research (Tahghighat-E …, 2016 - jte.ut.ac.ir
From the perspective of the public budgeting sector, time inconsistency, is testable by
significant deviation of performance (Tafrigh) budget efficiency from the approved. One way …
significant deviation of performance (Tafrigh) budget efficiency from the approved. One way …
How Should A Fiscal Union For Emu Look Like?
FA Macsim - Journal of Public Administration, Finance and Law, 2015 - ceeol.com
The European Economic and Monetary union has never needed more a fiscal union than in
current times. High levels of public debt and public deficits, weak soundness of public …
current times. High levels of public debt and public deficits, weak soundness of public …